Overview of Padil, Mangalore

Location and Accessibility

Padil is a locality in Mangalore, Karnataka. It has a strong position in the city, offering good connectivity. Many find its easy access appealing, whether buying or renting.

Property Prices

• Starting property values here are Rs. 1,234 per sqft. The average price per sqft is Rs. 6,000.
• Padil is among the higher-priced places in Mangalore, showing it's a premium market.

Property Types

• Apartments: Available in 1 BHK, 2 BHK, and 3 BHK formats in standalone buildings and big residential areas.
• Villas: These offer larger living spaces for those wanting luxury.

Rental Market

• You can find unfurnished and partly furnished apartments:
  • 1 BHK flats from Rs. 9,000 per month.
  • 2 BHK flats, mostly in the ₹10,000 to ₹18,000 per month range.
  • 3 BHK flats from ₹18,000 to ₹40,000 monthly.

Amenities and Facilities

• Residential projects like Prestige City Mangalore come with amenities such as:
  • Parks with lush greenery
  • Clubhouses for gatherings and relaxation
  • Sports facilities, jogging tracks, and swimming pools
  • On-site stores and play areas
  • Gated communities with 24/7 security

Market Trends

• In the last year, property rates went down by 28.35%. Though this happened, buying or selling could still be rewarding now.
• Property rates grew +18.86% per year over the last year.

PropertyWala's Conclusion

Those thinking of buying or renting in Padil, Mangalore, will do so from a place offering luxury and comfort. Padil's high property prices target people wanting premium living. It's well-connected with several amenities in residential projects, drawing investors and users. Despite market moves, current trends hint it’s still a good choice for real estate or rent. You should watch trends and prices for the best choice.